Core Insights - CleanCore Solutions, Inc. announced its financial results for Q1 2026 and provided an update on its Dogecoin treasury strategy, aiming to acquire up to 5% of Dogecoin's circulating supply [2][3] Financial Results - Revenue for Q1 2026 was approximately $0.9 million, an increase from approximately $0.4 million in Q1 2025 [4][9] - Gross profit for Q1 2026 was $0.5 million, representing 59% of revenue, compared to $0.2 million or 51% of revenue in Q1 2025 [9] - General and administrative expenses rose to approximately $8.6 million in Q1 2026, up from approximately $0.9 million in Q1 2025, primarily due to increased professional fees, stock-related compensation, and salaries for new employees [5][9] - The net loss for Q1 2026 was approximately $13.4 million, compared to approximately $0.9 million in Q1 2025, which included non-cash stock compensation of approximately $1.2 million [6][9] - As of September 30, 2025, cash and cash equivalents totaled $12.9 million [9] Digital Asset Strategy - The company holds 703,617,752 Dogecoin with a carrying fair value of approximately $163.9 million as of September 30, 2025 [7][9] - A private placement of $175 million was closed to fund the formation of the official Dogecoin treasury strategy in partnership with House of Doge [9] - The company appointed a new Chief Investment Officer and two new Board members to lead its digital asset strategy [9] Business Highlights - The company is focused on enhancing Dogecoin's real-world utility through payments and integrations within the global sports and entertainment ecosystem [2] - CleanCore aims to position Dogecoin as a trusted reserve asset and a cornerstone of the next generation of digital finance [2]
CleanCore Solutions Reports Fiscal First Quarter 2026 Financial Results and Provides Update on its DOGE Treasury Strategy